Worldwide Webb Acquisition (NASDAQ:WWAC) Shares Up 4.3%

Worldwide Webb Acquisition Corp. (NASDAQ:WWAC)’s stock price traded up 4.3% during mid-day trading on Wednesday . The company traded as high as $2.20 and last traded at $2.20. 39,238 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 240,515 shares. The stock had previously closed at $2.11.

Worldwide Webb Acquisition Stock Up 4.3 %

The stock’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $3.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WWAC. Basso Capital Management L.P. increased its stake in shares of Worldwide Webb Acquisition by 607.7% during the 1st quarter. Basso Capital Management L.P. now owns 176,916 shares of the company’s stock valued at $1,743,000 after acquiring an additional 151,916 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Worldwide Webb Acquisition during the 1st quarter valued at about $3,925,000. Prelude Capital Management LLC acquired a new position in shares of Worldwide Webb Acquisition during the 1st quarter valued at about $591,000. Rivernorth Capital Management LLC acquired a new position in shares of Worldwide Webb Acquisition during the 1st quarter valued at about $1,430,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Worldwide Webb Acquisition by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 444,242 shares of the company’s stock valued at $4,376,000 after acquiring an additional 6,266 shares during the last quarter. Institutional investors and hedge funds own 49.06% of the company’s stock.

Worldwide Webb Acquisition Company Profile

Worldwide Webb Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.